Saturday's winning Powerball numbers for $1.4 billion, third-highest jackpot for game
$1.4 billion Powerball jackpot remains unclaimed after 33 consecutive drawings, odds of winning are one in 292.2 million.
The Powerball jackpot is currently at a staggering $1.4 billion, making it the third-highest jackpot in Powerball history. The winning numbers for this massive jackpot were drawn on Saturday night, October 7th. The lucky numbers are 47, 54, 57, 60, and 65, with the Powerball number being 19. Additionally, the Power Play multiplier for most tickets sold across the nation was 3x.
It's been nearly three months since anyone has matched all six numbers in the multistate lottery, resulting in the jackpot continuously growing after 33 consecutive drawings without a grand-prize winner. The previous Powerball jackpot, where all six numbers were matched, occurred on July 19th, when a ticket sold in Los Angeles won an incredible $1.08 billion. In the most recent drawing, two tickets in California matched five numbers without the Powerball, earning them $1.2 million each. These tickets were sold in Elk Grove and Vacaville.
The odds of hitting the grand prize jackpot are incredibly slim, with the chances being one in 292.2 million. On the other hand, the odds of winning the lowest prize of $4 for matching the red Powerball are one in 38.32.
If someone's ticket matches the lucky numbers, the next drawing on Monday will reset the jackpot to $20 million. However, if no one wins, the jackpot will continue to climb, although it is unlikely to surpass the all-time jackpot record of $2.2 billion. This record-breaking ticket was purchased in November 2022 from a gas station in Pasadena. The second-highest jackpot in Powerball history was for a January 2016 drawing, where three tickets in California, Florida, and Tennessee split the prize of $1.586 billion.
The estimated value of the $1.4 billion jackpot on Saturday night is approximately $643.7 million if taken as a lump sum, according to California Lottery officials. However, this lump sum amount would be reduced after taxes, as lottery officials withhold 25% and the winner is responsible for the remainder owed to the IRS. It's important to note that while some states do not tax state winnings, most states, including California, Florida, and Texas, do impose taxes on lottery winnings.
Powerball is played in 45 states across the United States, as well as in Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. This wide availability contributes to the immense popularity and excitement surrounding the Powerball lottery.